For the full year 2017, the revenues rose by 28% and reached, for the first time, over 100 MSEK. Full year gross margin rose by 9 percentage points up to 77%, while gross profit improved by 45% reaching 77.5 MSEK.

Additionally, Clavister signed in Q4 a 20 MEUR funding agreement with the European Investment Bank (EIB), for the continued development of enterprise and telco-grade Cyber security software to serve our global enterprise and communication service provider customers.

Fourth Quarter 2017

Revenues reached 34.4 (27.1) MSEK, an organic increase of 27% compared with the same quarter last year

Gross profit reached 26.6 (20.3) MSEK, an increase of 31%.

Gross margin reached 77 (75)%

EBIT amounted to -18.7 (-20.4) MSEK

Result after financial items for the period amounted to -21.1 (-21.7) MSEK

Cash by the end of the period was 26.5 (75.3) MSEK. In addition, Clavister has own shares at a value of 7.9 MSEK at the end of the quarter, which-together with cash and cash equivalents--yielded a total of 34.4 MSEK